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Ordinance 1740-90
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Ordinance 1740-90
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Ordinances
Ordinance Number
1740-90
Date
10/3/1990
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redeemed shall be cancelled and destroyed by the Bond Registrar <br /> and shall not be reissued. <br /> In addition to the foregoing notice, further notice shall be <br /> given by the Bond Registrar as set out below, but no defect in <br /> said further notice nor any failure to give all or any portion of <br /> such further notice shall in any manner defeat the effectiveness <br /> of a call for redemption if notice thereof is given as above <br /> prescribed. <br /> (1) Each further notice of redemption given <br /> hereunder shall contain the information required above for <br /> an official notice of redemption plus: (i) the CUSIP <br /> numbers of all Bonds being redeemed; (ii) the date of issue <br /> of the Bonds as originally issued; (iii) the rate of <br /> interest borne by each Bond being redeemed; (iv) the <br /> maturity date of each Bond being redeemed; and (v) any other <br /> descriptive information needed to identify accurately the <br /> Bonds being redeemed. <br /> (2) Each further notice of redemption shall be <br /> sent at least 35 days before the redemption date by regis- <br /> tered or certified mail or overnight delivery service to all <br /> registered securities depositories then in the business of <br /> holding substantial amounts of obligations of types com- <br /> prising the Bonds (such depositories now being Depository <br /> Trust Company of New York, New York, Midwest Securities <br /> Trust Company of Chicago, Illinois, and Philadelphia <br /> Depository Trust Company of Philadelphia, Pennsylvania) . <br /> (3) Upon the payment of the redemption price of <br /> Bonds being redeemed, each check or other transfer of funds <br /> issued for such purpose shall bear the CUSIP number <br /> identifying, by issue and maturity, the Bonds being redeemed <br /> with the proceeds of such check or other transfer. <br /> -11- KR113 90/09/17 <br />
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